Czech Republic Interest Rate

Last Release

Dec 19, 2024

Actual

Units In

Frequency

Daily

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
39 Jun 1997	0.05 Nov 2012	4.66 %	1995-2024	Czech National Bank

In Czech Republic benchmark interest rate is set by the Czech National Bank (Ceská Národní Bank CNB). The official interest rate is the two-week repo rate, a rate at which commercial banks are allowed to place excess funds at the end of the day with the Central Bank.

Latest Updates

The Czech National Bank held its key interest rate at 4% in December 2024, as anticipated, marking a pause after eight consecutive rate reductions. The central bank balanced lingering inflation pressures, especially for services, and a strong labor market against a weak economic recovery. Headline inflation rose from early 2024 lows of 2.3% to 2.8% in November, remaining near the 2% target range for the year.